Property for sale in Santiago, Santiago

The most popular type of property for foreigners is apartments, which are widely available throughout the city, especially in central areas. Apartments in Santiago are typically built-in high rise buildings and have modern designs. In terms of size, apartments in the city can be classified into two categories: small and large. Small apartments usually have studio rooms or one to two-rooms, while large apartments come with more spaces, typically with three-rooms or more. Most apartments in Santiago offers standard amenities, such as parking spaces, some also offer fitness centers, communal swimming pools, and 24-hour security systems. House for sale in Santiago is not as abundant as apartments, but they are available. They usually have modern designs and there are also houses in colonial-styles.

Santiago offers a varied and colorful list of things to see and do. It has a vibrant and constantly developing cultural scene, and numerous interesting comunas (districts) and barrios (neighborhoods). One of the most popular areas in Santiago is Santiago Centro (Downtown Santiago). It is the heart of the city and is where the most famous attractions are located. Visitors can stroll around Plaza de Armas and visit the National History Museum and see the Central Post Office (Correo Central). It is also home to La Moneda, Mercado Central, and a number of beautiful buildings and churches.
Vitacura, which is known as the city’s top shopping spot and home to a number of elite private schools, is also popular. It has tree-shaded streets and parks, such as Parque Bicentenario where visitors can enjoy the outdoors or go for a run. It is also where Museo de la Moda or the Fashion Museum is located. Other popular neighborhoods in Santiago include Bellavista and La Alameda.

Santiago is a clean and modern city with an efficient public transport system and well-maintained infrastructure. Expats can benefit from the low cost of living that the city offers, without having to sacrifice their quality of life as Santiago has First-World living standards. Many expat couples cover all basic needs, including rent, for as little as $1,500 a month. A budget of around $2,500 to $3,000 a month is enough to provide a comfortable urban lifestyle. The official currency in Santiago is the Chilean Peso (CLP) and 1 USD converts to around 773 CLP. Credit cards are widely accepted and ATMs are widely available.
Christianity is the largest religion in Santiago, but small communities of other religions are also present. Spanish is the official language in Santiago, and while there are many people who can speak English, it is not widely spoken. Therefore, it is best to learn some common phrases of Spanish before visiting Santiago.
To live in Santiago, foreigners need a temporary resident visa. A temporary resident visa has numerous types, including contract work visa, independent worker visa, and investor visa.

1. Simple buying process – foreigners are allowed to own property in Chile, whether they are residents or not. A passport number is the only requirement to buy property in the country. Also, Santiago has a transparent and non-discriminatory legal framework.
2. Increasing property prices – property prices in Santiago have steadily increased. Prices have increased by 70% from 2004 to 2015. The average increase from 2017 to 2019 is around 6.7%.
3. Rental yields – Santiago property market offers attractive rental yields of an average of 4.1% to 5%. However, depending on how the property is used and the exact location of the property, the rental yields can be higher. For example, a small apartment in central areas can generate around 15% of rental yields if it is offered as a short-term rental to tourists.